In Part 2, you will learn what your Social Security benefits are based on the detailed formula for how the SSA calculates them. A chart is included to help you determine your full retirement age (FRA) and you learn the significance FRA on your SS benefits. You will also learn how much your benefits are […]
The Social Security benefits for W-2 income earners who continue to work and elect to receive benefits before their Full Retirement Age (FRA) are subject to the “Annual Earnings Test”. This means that their SS benefits will be reduced by $1 for every $2 earned over $15,720 in 2015. This is also true for self-employed […]
In this introductory segment we will review the five questions Baby Boomers want answers to about their Social Security benefits and what the long-term projections are for the solvency of the SS Trust Fund.